Plains All American Pipeline (NYSE:PAA) had its target price cut by Royal Bank of Canada to $27.00 in a report issued on Friday, The Fly reports. They currently have a sector perform rating on the pipeline company’s stock.

Other analysts have also recently issued reports about the company. Wolfe Research upgraded Plains All American Pipeline from a peer perform rating to an outperform rating in a research report on Thursday. ValuEngine cut Plains All American Pipeline from a hold rating to a sell rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $28.20.

Shares of PAA opened at $24.11 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 0.90. Plains All American Pipeline has a one year low of $19.33 and a one year high of $27.70. The company has a market cap of $17.52 billion, a P/E ratio of 12.82 and a beta of 1.00.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings results on Tuesday, May 7th. The pipeline company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.10. Plains All American Pipeline had a return on equity of 20.70% and a net margin of 8.51%. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts predict that Plains All American Pipeline will post 2.12 EPS for the current year.

In other Plains All American Pipeline news, insider Emg Investment, Llc sold 8,179,284 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $23.10, for a total value of $188,941,460.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of PAA. Capital Investment Advisory Services LLC purchased a new stake in Plains All American Pipeline in the 4th quarter valued at $28,000. Executive Wealth Management LLC purchased a new stake in Plains All American Pipeline in the 4th quarter valued at $28,000. Portfolio Solutions LLC purchased a new stake in Plains All American Pipeline in the 4th quarter valued at $36,000. Zions Bancorporation N.A. purchased a new stake in Plains All American Pipeline in the 1st quarter valued at $48,000. Finally, Enterprise Financial Services Corp grew its holdings in Plains All American Pipeline by 71.5% in the 1st quarter. Enterprise Financial Services Corp now owns 2,039 shares of the pipeline company’s stock valued at $50,000 after buying an additional 850 shares in the last quarter. Institutional investors own 48.43% of the company’s stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

Read More: How accurate is the Rule of 72?

The Fly

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.